Southwest Airlines (LUV) Net Income (2009 - 2026)

Southwest Airlines (LUV) posted quarterly Net Income of $233.0 million for Q2 2026, up 9.39% year-on-year from $213.0 million in Q2 2025, and up 2.64% on a QoQ basis from $227.0 million in Q1 2026.

Southwest Airlines (LUV) Net Income (2009 - 2026) Analysis & Trends

Southwest Airlines (LUV) has reported Net Income for 18 consecutive years, with $233.0 million the latest figure, recorded in Q2 2026.

  • Quarterly Net Income rose 9.39% year-over-year to $233.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $837.0 million (up 113.52% YoY) and the FY2025 annual result came in at $441.0 million, down 5.16% from the prior year.
  • Net Income advanced to $233.0 million in Q2 2026 per LUV's latest filing, from $227.0 million in the prior quarter.
  • Over the last five years, Net Income for LUV reached as high as $760.0 million in Q2 2022 and fell as low as -$278.0 million in Q1 2022.
  • A 5-year average of $131.6 million and a median of $203.0 million in 2023 frame the typical range for Net Income.
  • Annual changes were most pronounced in 2022 — Net Income slumped 423.53% — and 2026, when it jumped 252.35%.
  • Year by year, Net Income stood at -$220.0 million in 2022, then dropped by 14.55% to -$252.0 million in 2023, then surged by 203.57% to $261.0 million in 2024, then gained by 23.75% to $323.0 million in 2025, then dropped by 27.86% to $233.0 million in 2026.
  • According to Business Quant data, Net Income over the past three periods registered $233.0 million, $227.0 million, and $323.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Latam Airlines 29,341.35 Bn 29,338.67 Bn 1.28 Mn 53.39 Mn
2 Ryanair Holdings 183.33 Bn 180.79 Bn - 737.58 Mn
3 Delta Air Lines 53.61 Bn 48.95 Bn 19.07 Bn 1.60 Bn
4 Southwest Airlines 21.85 Bn 18.53 Bn 7.33 Bn 233.00 Mn
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.69 Bn 7.93 Bn - -127.00 Mn
6 Copa Holdings 5.59 Bn 4.26 Bn 713.71 Mn 211.29 Mn
7 Alaska Air 5.12 Bn 3.35 Bn 3.20 Bn -193.00 Mn
8 Skywest 3.85 Bn 3.22 Bn 1.01 Bn 100.70 Mn
9 Jetblue Airways 1.85 Bn 1.44 Bn 1.87 Bn -319.00 Mn
10 Allegiant Travel 1.72 Bn 818.03 Mn 651.87 Mn 42.48 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 233.00 Mn
Mar 31, 2026 227.00 Mn
Dec 31, 2025 323.00 Mn
Sep 30, 2025 54.00 Mn
Jun 30, 2025 213.00 Mn
Mar 31, 2025 -149.00 Mn
Dec 31, 2024 261.00 Mn
Sep 30, 2024 67.00 Mn
Jun 30, 2024 367.00 Mn
Mar 31, 2024 -231.00 Mn
Dec 31, 2023 -252.00 Mn
Sep 30, 2023 193.00 Mn
Jun 30, 2023 683.00 Mn
Mar 31, 2023 -159.00 Mn
Dec 31, 2022 -220.00 Mn
Sep 30, 2022 277.00 Mn
Jun 30, 2022 760.00 Mn
Mar 31, 2022 -278.00 Mn
Dec 31, 2021 68.00 Mn
Sep 30, 2021 446.00 Mn